Application of the Revenue Recognition Standard from the Fiscal Year Ending February 2023
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
10 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The company applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan, Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The company began applying the Revenue Recognition Standard and related standards from the beginning of the fiscal year ending February 2023. The application reduced operating gross revenue by ¥207.030 million, but had only a minor impact on loss. - FY2022First statedAnnual report
「To be applied from the beginning of the fiscal year ending February 2023.」
The company stated that it planned to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending February 2023, with the impact on the financial statements still under assessment.